A limited partnership that fails to file the periodic report required under §13.05 within 30 days from the date that the report is sent by the secretary of state will forfeit its right to transact business in Texas. While forfeited, the limited partnership may not amend its certificate of limited partnership or certificate of registration until it has been relieved of its forfeiture by filing the report. However, the forfeiture of the limited partnership's right to transact business does not prevent the entity from filing a cancellation of its registration.

Source Note:The provisions of this §83.23 adopted to be effective February 18, 1998, 23 TexReg 1534.